According
to a new report published by Transparency Market Research “Industrial
Fasteners Market (Externally Threaded, Aerospace Grade and Standard) for
Automotive OEM, Machinery OEM, MRO and Construction Applications – Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018,”
the global demand for industrial fasteners was valued at USD 65.50 billion in
2011 and is expected to reach USD 94.65 billion in 2018, growing at a CAGR of
5.4% from 2012 to 2018.

Fasteners
form a vital part of any structure as they help in joining two or more
components together. Economic development in countries such as China, Brazil
and India has led to a rise in disposable income of consumers which in turn has
resulted in growing demand for automobiles. This factor is expected to be one
of the primary reasons driving the growth of the market. In addition, rise in
construction and maintenance activities all across the world is expected to be
an important factor which will boost the demand for fasteners over the forecast
period. However, imposition of high anti-dumping duties by the European Union
is expected to hamper growth of the fasteners market. Development of fasteners
which are customized for niche application segments such as railways and solar
equipment is expected to open opportunities for the growth of the market within
the forecast period.

Externally
threaded industrial fastener was the largest product segment, accounting for
over USD 25 billion in 2011. This product segment is expected to show the
fastest growth in the near future on account of rapid industrialization and
rising demand for durable goods.

Other
OEM segments such as electronic and electrical, fabricated metal products and
aerospace equipments were the largest application segments of fasteners and
accounted for over 30% of the demand in 2011. However, demand for fasteners is
expected to be highest from construction on account of the rising construction
and maintenance activities worldwide. The construction application segment is
expected to grow at a CAGR of over 9% from 2012 to 2018. Automotive OEM sector
is expected to show above average growth within the forecast period.

Asia
Pacific accounted for the highest demand for industrial fasteners in 2012 and
is expected to account for over 45% of the market by 2018. The trend is
expected to continue over the next six years due to factors such as rapid
industrialization and favorable economic conditions, which is expected to boost
the demand for durable goods and other manufacturing and development activities.

The
report gives a comprehensive view of the industrial fasteners market in terms
of revenue. In addition, the report includes demand forecast for each product
segment and application in North America, Europe, Asia Pacific and Rest of the
World. The report comprises of the following segments:

Industrial
Fasteners Market: Product Segment Analysis,

·
Externally threaded

·
Aerospace grade

·
Standard

Industrial
Fasteners Market: Application Analysis,

·
Automotive OEM

·
Machinery OEM

·
MRO

·
Construction

·
Other OEM

The report provides a
cross-sectional analysis of all the above product segment and application
segments with respect to the following regions:

·
North America

·
Western Europe

·
Asia Pacific

·
Rest of the World

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